Global Lights Acquisition Corp Ordinary Shares
GLAC
NASDAQ Global Market10.82
USD
+10.82
- -
Global Lights Acquisition Corp Ordinary Shares
GLAC
(NASDAQ Global Market)
Recent
price
10.82
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Global Lights Acquisition Corp. (NASDAQ: GLAC) is a blank check company, or special purpose acquisition company (SPAC), with no significant current operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses, particularly those providing sustainable development solutions in environmentally sound infrastructure and industrial applications that mitigate greenhouse gas emissions or enhance climate resilience. The company was incorporated in 2021 as a Cayman Islands exempted company and maintains its headquarters in Beijing, People's Republic of China. Global Lights Acquisition Corp. operates in the financial services sector within the SPAC industry segment, targeting high-potential private businesses across various geographies without limitation to specific regions. Its ordinary shares, rights, and units trade on The Nasdaq Stock Market under the tickers GLAC, GLACR, and GLACU, respectively, serving investors seeking exposure to future de-SPAC transactions. In recent developments, Global Lights Acquisition Corp. signed a non-binding letter of intent on November 22, 2024, with W Straits Limited, a Malaysia-based international fintech company specializing in mergers, acquisitions, and restructuring across financial, health, real estate, and energy sectors in smart eco-cities. The parties announced substantial progress in negotiations toward a definitive business combination agreement as of January 23, 2025, anticipating finalization in coming weeks subject to due diligence, board and shareholder approvals, and other conditions. No other major acquisitions, funding rounds, or operational shifts have been reported in the last two years, though the company was delisted from the NASDAQ Composite Index in April 2025 while continuing OTC trading under GLACF.
W Straits Limited and Global Lights Acquisition Corp. Announce Update on Negotiations of Definitive Agreement for Business Combination
W Straits Limited and Global Lights Acquisition Corp. Announce Letter of Intent for a Business Combination
Global Lights Acquisition Corp Announces Closing of $69 Million Initial Public Offering